STANDARD OF THE PAPER The questions were standard for level 3 students and therefore within the reach of wellprepared candidates. Marks allocation was skewed to the theory questions, accounting for 57% of total marks. PERFORMANCE OF CANDIDATES A total of 1317 candidates wrote the November 2017 Advanced Financial Management paper as against 1138 candidates, thereby showing an increase of 15.73%. Total number of candidates who passed was 338, registering pass rate of 25.66%, against pass rate of 21.97% for May 2017. For a final level paper, a pass rate of 25.66% is considered satisfactory. Exemption of level 2 Financial Management is contributory to low performance at the level 3

NOTABLE STRENGTHS AND WEAKNESSES OF CANDIDATES Strengths Performance in the theory questions exceeded that of the computation questions. The reason is simple; Most of the theory questions require knowledge on macro-economic factors and most candidates read extensively along those lines. Weakness This bothers on the common weakness of accurate expression or explanations of points raised. Poor expression was quite general.